Asian shares were mixed Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week. Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale war. Tokyo’s Nikkei 225 gained 1% to 64,654.22. Computer chip equipment maker Tokyo Electron gained 7.5% and other technology stocks were among the biggest gainers. In South Korea, the Kospi jumped 3.5% to 7,743.65, after Monday’s loss of more than 8%. SK Hynix, which on Monday announced plans to partner with Nvidia in building data centers, jumped 7.7%. Samsung Electronics was up 3.6%. Taiwan’s Taiex advanced 2.2% on gains for tech companies like computer chip giant TSMC.Hong Kong’s Hang Seng lost 0.4% to 24,553.93 and the Shanghai Composite index added 0.3% to 3,970.17.
The S&P/ASX 200 lost 0.5% to 8,580.60.On Wall Street on Monday, the S&P 500 added 0.3%, coming off a 2.6% drop Friday that was its worst since October. It closed at 7,405.73. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite climbed 0.9%.
3 MIN READ
2 MIN READ
All told, the S&P 500 rose 21.99 points to 7,405.73. The Dow Jones Industrial Average dipped 80.77 to 50,786.01, and the Nasdaq composite gained 220.23 to 25,929.66.Some of the best performers were companies that sell computer chips, memory and other AI-related products that had plunged on worries their prices have shot too high.
